ES is shaping up nicely for my new scenario, especially with the smallest Schiff set respected very well so far:



However the W4 triangle on the main index could have already been completed on Friday and in such case the usual Sunday/Monday procedure should take place from the start of trading.

That was my question on NFLX. Is it done, which may be an early indicator that crazy speculation in the market is winding down, or will they start it right back up off an area in here?

That is my most likely scenario, jarek, but it hits into several super-key price flows coming up in here, and the endlessly contracting 'triangle' that they must game (and are gaming) has a boundary line coming up. So, this may oscillate a few more times within the boundaries, before a few fake moves out, and then the sustained move. We'll see.

Originally posted by jarek

So they are playing it in ES like it was W3 off the last bullish ABCD:

Click image for original size

But I still have serious concerns if this is also a big W3 of the move off this bigger ABCD before

Okay, as far as votes, we are stuck with the 20. Higher vote count is part of the paid premium package, so he has to stick with the current count so the value is retained for those that pay. I never thought we'd have so many simply incredible posts such that we'd run out of votes! Remember I wanted to close the forum because I was being driven crazy by so little participation?

ES still moving off this last ABCD, as shown above in Eric's post. But what a slow grind...

if it gets over that green line maybe hit the 1.27 and then end the day with a back fill below the P.T.A..basis 5 min chart. In management mode now.

Originally posted by jimkane

Okay, as far as votes, we are stuck with the 20. Higher vote count is part of the paid premium package, so he has to stick with the current count so the value is retained for those that pay. I never thought we'd have so many simply incredible posts such that we'd run out of votes! Remember I wanted to close the forum because I was being driven crazy by so little participation?

looks like you might have got caught in a deep W2...ala wave 3 now.

So, I'm always cautious with a slow grind when the move 'should' be swift, especially if it is near a price flow area from a higher timeframe.

I hope that is what it is. I'm liking this W3 forum action lately.

Originally posted by EricD

Originally posted by jimkane

Okay, as far as votes, we are stuck with the 20. Higher vote count is part of the paid premium package, so he has to stick with the current count so the value is retained for those that pay. I never thought we'd have so many simply incredible posts such that we'd run out of votes! Remember I wanted to close the forum because I was being driven crazy by so little participation?

looks like you might have got caught in a deep W2...ala wave 3 now.

Just hovering right at the green line, to the tick. If they can't push on this, it may drop viciously.

Originally posted by EricD

if it gets over that green line maybe hit the 1.27 and then end the day with a back fill below the P.T.A..basis 5 min chart. In management mode now.

yes, thanks jim

Originally posted by jimkane
Hopefully at least this leaves you with some understanding of my reasons.